Satsuma Technology Liquidates 668 BTC, Crypto Treasury Holdings Plunge
British firm Satsuma Technology liquidates its entire 668 BTC treasury after holding Bitcoin less than a year, as Bloomberg reports aggregate crypto treasury assets have fallen over 37% from $120B to $75B.
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Satsuma Technology, a UK-based company, is fully liquidating its Bitcoin treasury of 668 BTC. The firm had held the digital gold for less than a year.
According to Bloomberg, aggregate crypto treasury holdings have declined by more than a third since October's market peak, dropping from $120 billion to $75 billion. This marks a significant contraction in the segment of companies following the strategy pioneered by Michael Saylor's Strategy (formerly MicroStrategy).
Source: ForkLog